Welcome to our dedicated page for Optical Cable news (Ticker: OCC), a resource for investors and traders seeking the latest updates and insights on Optical Cable stock.
Optical Cable Corporation (OCC), traded on the Nasdaq Global Market under the symbol OCC, is a manufacturer of fiber optic and copper data communication cabling and connectivity solutions. The company regularly issues detailed press releases on its quarterly and annual financial results, making its news flow relevant for investors tracking revenue trends, margins and overall operating performance in the communications cabling space.
News about OCC often centers on its financial results for each quarter of its fiscal year, including net sales, gross profit, gross profit margin, selling, general and administrative expenses, and net income or loss. These releases frequently distinguish between enterprise and specialty markets, and between customers in the United States and outside the United States, providing insight into demand patterns across its served markets.
Another recurring news theme is OCC’s commentary on market conditions and operating leverage. Management has discussed the impact of macroeconomic pressures, periods of market weakness in its industry, and subsequent general market improvement, including strength in its military and severe duty markets. The company also reports on order backlog or forward load at various quarter-ends, which can be useful for understanding near-term demand visibility.
In addition to earnings-related updates, OCC’s news includes corporate developments such as its strategic collaboration with Lightera, LLC. The company has described this relationship as a way to expand product offerings and integrated cabling and connectivity solutions, particularly for the data center and enterprise sectors, supported by a related equity investment by Lightera.
Investors and analysts following OCC’s news can expect coverage of earnings releases, conference call announcements, strategic agreements, and other material events that the company discloses through press releases and SEC-referenced communications.
Optical Cable Corporation (OCC) reported a 9.3% year-over-year increase in net sales for Q2 2022, totaling $17.2 million, driven by demand in enterprise and specialty markets. Gross profit rose 4.4% to $5.0 million, with a margin of 29.3%. However, the company faced a net loss of $228,000 or $0.03 per share, down from a profit of $3.4 million or $0.45 in Q2 2021. SG&A expenses increased to $5.0 million, reflecting higher personnel costs. The first half of 2022 saw a 14.6% revenue boost to $31.6 million, but net loss accumulated to $1.2 million.
Optical Cable Corporation (Nasdaq GM: OCC) will announce its second quarter results for fiscal year 2022 on June 13, 2022. This will cover the three- and six-month periods ended April 30, 2022. A conference call is scheduled for 10:00 a.m. Eastern Time on the same day, where analysts and investors can engage in Q&A. Participants can dial in at (800) 909-7113 (U.S.) or (785) 424-1677 (internationally) with the Conference ID: OCCQ222. A replay will be available until June 20, 2022.
Optical Cable Corporation (OCC) reported a 21.6% increase in net sales, totaling $14.4 million for Q1 2022, up from $11.9 million in Q1 2021. Gross profit surged 75.2% to $4.0 million, with a gross profit margin rising to 28.0%. However, the company faced a net loss of $936,000 ($0.12 per share), compared to a $2.1 million loss in the previous year. Increased SG&A expenses, reaching $4.8 million, primarily stemmed from personnel costs. OCC's backlog remains strong, indicating solid future demand despite ongoing supply chain challenges.
Optical Cable Corporation (Nasdaq GM: OCC) will release its first quarter fiscal year 2022 results on March 17, 2022, covering the period ending January 31, 2022. A conference call will take place at 10:00 a.m. Eastern Time for analysts and investors, with dial-in details provided. OCC, a manufacturer of fiber optic and copper cabling solutions, has facilities in Roanoke, Virginia, Asheville, North Carolina, and Dallas, Texas. The company invites individual investors to submit questions in advance for discussion during the call.
Optical Cable Corporation (OCC) reported a 14.4% increase in fourth quarter net sales, reaching $15.9 million, compared to $13.9 million last year. Gross profit rose 20.0% to $5.1 million, with a gross profit margin increase to 31.8%. For fiscal year 2021, net sales increased 7.0% to $59.1 million, with a net income of $6.6 million, a turnaround from a loss in the previous year. OCC benefitted from a $5.0 million gain on debt extinguishment and $4.3 million from employee retention tax credits, fostering optimism for future growth.
Optical Cable Corporation (OCC) will release its fourth quarter and fiscal year 2021 results on December 20, 2021, after the three-month and twelve-month periods ending October 31, 2021. A conference call will occur at 10:00 a.m. Eastern Time on the same day, allowing analysts and investors to participate by phone or online. OCC manufactures diverse fiber optic and copper cabling solutions for various markets, boasting facilities that are ISO certified. Further details are available on their investor relations website.
Optical Cable Corporation (Nasdaq GM: OCC) reported a 14.6% increase in consolidated net sales for Q3 2021, reaching $15.6 million compared to $13.6 million in Q3 2020. The gross profit also grew by 17.8% to $4.1 million. Net income shifted to $5.4 million or $0.71 per share, contrasting sharply with a $1.4 million loss in the prior year. Factors contributing to this growth included lifting COVID-19 restrictions and an increase in sales order backlog.
On September 9, 2021, Optical Cable Corporation (Nasdaq GM: OCC) announced it will release its third quarter fiscal year 2021 results on September 13, 2021. These results will cover the three-month and nine-month periods ending on July 31, 2021. A conference call will be held on the same day at 10:00 a.m. Eastern Time, with participation options for U.S. and international callers. A replay will be accessible until September 20, 2021. OCC specializes in fiber optic and copper data communication cabling and solutions for various markets.
Optical Cable Corporation (Nasdaq: OCC) reported a 5.9% increase in net sales for Q2 2021, totaling $15.7 million, driven by growth in enterprise and specialty markets. The gross profit also rose by 20.6% to $4.8 million, resulting in a 30.6% gross profit margin. OCC achieved net income of $3.4 million, or $0.45 per share, a turnaround from a net loss of $1.7 million in Q2 2020. SG&A expenses decreased 17.3% to $4.6 million. The company benefited from employee retention tax credits totaling $3.4 million.
Optical Cable Corporation (Nasdaq GM: OCC) will release its second-quarter fiscal year 2021 results on June 14, 2021. The results will cover the three and six-month periods ending April 30, 2021. A conference call will be hosted on the same day at 10:00 a.m. Eastern Time.
Participants can join by calling (866) 610-1072 or (973) 935-2840 internationally. A replay will be available until June 21, 2021. OCC specializes in fiber optic and copper data communication solutions for enterprise and specialty markets.